P. Diddy Net Worth Forbes 2024 | Wife, Kids, & House
Quick Overview
Attribute | Details |
---|---|
Full Name | Sean John Combs |
Nick Name | P. Diddy, Diddy, Puff Daddy |
Father Name | Melvin Earl Combs |
Mother Name | Janice Combs |
Gender | Male |
Country | United States |
Nationality | American |
Date of Birth | November 4, 1969 |
Age | 54 years |
Height | 5 feet 10 inches (178 cm) |
Weight | 86 kg (190 lbs) |
Eye Color | Dark Brown |
Hair Color | Black |
Birthplace | Harlem, New York, United States |
School | Mount Saint Michael Academy |
College | Howard University (attended but did not graduate) |
Marital Status | Single |
Wife | Not married |
Kids/Children Name | Quincy Taylor Brown (adopted), Justin Dior Combs, Christian Combs, Chance Combs, D’Lila Star Combs, Jessie James Combs |
Monthly Salary | Estimated at $10 million |
Yearly Income | Estimated at $130 million |
Net Worth | Approximately $900 million as of 2024 |
Became a Millionaire At | Early 1990s |
Asset Classes | Music royalties, clothing line, alcohol brands (Cîroc Vodka), television, real estate |
Profession | Rapper, singer, record producer, actor, entrepreneur |
Religion | Christian |
Zodiac Sign | Scorpio |
Siblings | Keisha Combs |
Latest Updating | July 2024 |
Introduction
Over the years, P. Diddy, known by his real name Sean John Combs, has become a famous singer. Our expert team estimated his net worth at $1 billion by 2024. This great achievement has taken many years of his life, including his struggle, effort, and intelligent business strategies. He has given his half-life to achieve such achievements. This is all possible for him because of his 50M followers worldwide. Now, it is high time to focus on the details of his life and how he became one of the most billionaires in the world as a singer and businessman.
This article will begin by outlining the participant’s early life and the initial steps they took on their career path.
Combs Early Life
This rapper, better known by his stage name P. Diddy, was born in Harlem, New York City, on November 4, 1969, under the name Sean John Combs. His life did not include a typical upbringing. His family was forced to relocate to Mount Vernon, New York, when his father was brutally killed while he was a small child. Diddy was prepared and determined to put in more effort no matter what, even though these were difficult times for him.
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Studies
Diddy attended Mount Saint Michael Academy, where he showed signs of drive even before he left in the second semester of his final year of high school. After high school, he enrolled at Howard University, a historic Black university in the United States capital.
Dreams Journey
He began his career in music as a student at Uptown Records. His journey into the music industry began at this key moment. At the early age of 22, he was appointed Vice President of the institute, from where he started his career, Uptown Records, after gaining knowledge and progressing up the corporate ladder. His first five songs are given below. Let’s look at them.
- “Can’t Nobody Hold Me Down” (1997)
- “I’ll Be Missing You” (1997)
- “It’s All About the Benjamins” (1997)
- “Been Around the World” (1997)
- “Victory” (1998)
As you have noticed, his first four songs are from the same era. 1997 was the fourth year of his career, and he has a strong base that still supports him in making more achievements.
Starting Bad Boy Records
After Diddy was fired from Uptown Records in 1993, he could sign with anyone. Rather than viewing this as a setback, he saw it as an opportunity to launch his record label, Bad Boy Entertainment, his first step toward his universe where he was the only creator. After making this choice, he became the biggest music business figure. The largely independent Bad Boy Records label saw popularity very quickly after its establishment in 1994. He signed famous singers like Carl Thomas, Faith Evans, The Notorious B. I. G., and 112, among others.
These musicians kept the 1990s sound and elevated the Bad Boy Records title to a prominent position in the market. Diddy himself is a musician as well; his debut album, “No Way Out,”
Business Ventures
It includes businesses like DeLeon, which also produces and sells alcoholic goods; Ciroc, which creates and sells spirits; and Diageo, which produces luxury brands and alcoholic drinks. Diddy’s other non-entertainment businesses put him on the path to becoming a billionaire. Even if his music had already made him wealthy. The biggest business he has collaborated with is Diageo, a corporation that sells alcoholic beverages.
Business Deal With Diageo
Diddy and Diageo struck a partnership in 2007 whereby Diddy was to market and act as the brand ambassador for Ciroc vodka. For this company, it was an actual attempt in the dark. Famous and well-known marketer Sean “Diddy” Combs was a key player in Ciroc’s promotion and transformation into the most popular vodka. Their selling was over to the sky, and he got a major mart part of the profits. This lucrative relationship flourished for years, and he amassed about $1 billion in US currency.
Ciroc Brand
In 2013, Diddy jointly purchased the DeLeon tequila and Ciroc brands. This turned out to be another wise business move with positive results. After his partnership with Diageo expired in January 2024, Diddy made sure to get at least $200 million from the sale of DeLeon to Diageo. As a result, these projects significantly increased his net worth.
Earnings Over the Years
Diddy’s accumulative earnings from 2007 to 2022 are listed below, summarizing $952 million, though his annual earnings varied from $28 million to $130 million. These earnings include revenues from various businesses, music, and other activities. Thus, spreading income sources was undoubtedly the key to his success.
Projects and Ventures
Diddy is not only a successful businessman and music tycoon; he has worked on several other efforts. For example, Clothes Line. Diddy designed the clothing line for Sean John. The company flourished, but in 2004, Diddy was denied the chance to launch the apparel line following his divorce from Faith Rodgers. Gaming. Although he became more well-known for his work in music production, he also went into acting. Later, he was the chief producer of the reality series Making the Band and acted in several movies.
Investments
Only because of the wise investments Diddy had made in the past was COP’s creation possible. He holds stock in the cable television channel Revolt TV. Additionally, he has a majority stake in Aquahydrate, a company that sells premium bottled water. He also invests in PlayVS as a venture backer.
Personal Life
Diddy is a single man blessed with seven children by numerous women. He had long-term relationships with Cassie Ventura and Kimberly Porter, the latter of whom passed away in 2018. But now, Diddy has shown himself as a loving parent eager to spend time with his kids. However, Diddy’s private life has not been tested on occasion. He has run into legal issues with driving when his license is suspended and with weapons. While some unfavorable media attention has been given to these incidents, none has had such a severe impact on his career or wealth.
Rape Allegations
Cassie, Diddy’s ex-girlfriend, blamed him for beating and raping her in November 2023. This was a serious charge, and the media covered it extensively. The dispute was settled in a single day, but it did not mean it was over. Cassie had accused him before this encounter, and two other women had also accused him. These accusations ultimately served as a blow to Diddy’s notoriety. Consequently, on November 28, 2023, he submitted his resignation from his position as Chairman of Revolt TV.
Real Estate
Diddy’s wealth has also been used to purchase several luxurious residences, showing his music career’s success. His residences are spread throughout many locations, such as East Hampton, New York City, Atlanta, Miami, Holmby Hills, Alpine, etc. His Holmby Hills home offers an amazing outlook. The property has a 35-seat private movie theatre and an undersea tunnel for water fans. These qualities are responsible for his wealth and success.
Major Deals
- Diageo relationship (2007–2023): Diddy made billions of dollars from this successful partnership. He was rewarded for the excellent work he performed in marketing and selling Ciroc vodka.
- Final Payment for DeLeon Stake (2024): Following the end of his partnership with Diageo, Diddy received $200 million for his DeLeon alcohol stake. This was a respectable sum of money that increased his total assets.
Strong Presence on Social Media
Social Media | Followers | Link |
---|---|---|
19.8M | @diddy | |
7.1M | Sean Combs Facebook | |
14.8M | @Diddy | |
YouTube | 829K | Diddy YouTube Channel |